Tata Capital IPO: $2B Issue, Profit Jump

  Published 11 months ago

Tata Capital aims for $2 billion IPO, boosting Tier‑1 capital, profits double, and a valuation $11 billion in the 2025 market.

  • The issue comprises 21 crore fresh shares and 26.58 crore offer‑for‑sale shares, including Tata Sons' 23 crore offload.
  • Lead managers feature Axis, Kotak, BNP, HDFC, HSBC, Citigroup, ICICI, IIFL, SBI, and JPMorgan as well.
  • Funds will strengthen Tier‑1 capital, support lending growth, enhance brand, and create public equity market access.

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